Parliament speaker meats Japanese companies to promote Georgia's investment potential
Georgian parliament speaker Shalva Papuashvili on Tuesday met with representatives of Tokyo Electric Power Company and Itochu Corporation to promote Georgia's investment and transit potential. Photo: parliament of Georgia
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Georgian parliament speaker Shalva Papuashvili on Tuesday met with representatives of Tokyo Electric Power Company and Itochu Corporation to promote Georgia's investment and transit potential, the parliament of Georgia announced.
At the meeting with Masaki Honda, the managing director of TEPCO, Papuashvili welcomed the purchase of a 31.4 percent stake in the Georgian company Dariali Energy by TEPCO Renewable Power, a member of the TEPCO group, which he said “represents Japan's first largest investment in Georgia".
Discussed current and potential projects with Masaki Honda, TEPCO’s Foreign Business Managing Director. TEPCO made the largest Japanese investment in Georgia (in Dariali HPP). It will promote ???????? as a gateway for ????????’s companies to enter the regional markets. @TEPCO_English pic.twitter.com/OrBA1X3t1H
— Shalva Papuashvili ???????? (@shpapuashvili) November 8, 2022
In the meeting, the Japanese side emphasised Georgia was a "desirable location" for international investors because of its renewable energy resources, regulatory framework, and geographic location.
Later during the meeting with Hiroyuki Tsubai, senior managing executive officer and member of the board of directors of ITOCHU, Papuashvili discussed the company's present and upcoming projects in Georgia in the areas of renewable energy, urban infrastructure revitalisation and other areas.
Glad to meet Hiroyuki Tsubai, Senior Managing Executive Officer of the Itochu Corporation. Explored the investment opportunists of #Itochu in ????????, Georgia’s favorable business climate and geographic location for transit, transportation and logistics. pic.twitter.com/IUzPCWbiIw
— Shalva Papuashvili ???????? (@shpapuashvili) November 8, 2022
The meetings were arranged as part of the current working visit of Papuashvili and his delegation to Japan.